IKEA plans to invest Rs 3,000 crore for three new centres

IKEA is set to open its second store in Mumbai later this year, and would hold a ground-breaking ceremony on October 11 in Bengaluru, he said. Read more »

RBI’s status quo brings cheer for real estate developers

Any hike in repo rate would have impacted consumption sentiment and also the real estate sector, market leaders said Read more »

Ericsson targets RCom in SC hearing; Telco seeks 10 more days to settle dues

Ericsson has been pushing for an immediate payment of Rs 550 crore by Reliance Communications, which did not keep the September 30 deadline. Read more »

DoT to ask Trai about suitability of 28 GHz band for 5G services

The government is examining the feasibility of allocating this spectrum band in India for 5G, close on the heels of South Korea auctioning these airwaves. Read more »

Government may explore barter trade for oil purchases

Feasibility of exploring rupee-renminbi trade can also be explored as India had the highest trade deficit with China to the tune of $63.04 billion in 2017-18. Read more »

Telcos await telecom department view, unlikely to submit Aadhaar exit plan by October 15

Telcos are unsure about meeting UIDAI directive; say can’t comply without any instruction from telecom dept. Read more »

ICICI Venture in talks to buy stake in Micro Plastics

The company with a revenue of Rs 200 crore earns over 70% of revenue from toy exports to the US, the UK, Europe and Asian countries. Read more »

High profile exits mar private banking space

The year has been quite tough for the pvt sector banking which is seeing exit of three high-profile bankers. Read more »

PSB losses to come down to Rs 50,000 crore in FY19: Report

This will be the third consecutive year that the 20 state-run lenders' grouping will be reporting a loss, ratings agency Crisil said in its report. Read more »

Jet Airways gets Rs 258 crore from Jet Privilege

The fresh funding comes as a lifeline to the Naresh Goyal-promoted full service carrier, which has been in financial turbulence. Read more »